Falling interest rates are fueling optimism over growth in the fix-and-flip lending space this year, but competition from new homebuilders may dampen market expectations.

A&D Mortgage highlighted the advantages of bank statement loan products during a recent webinar.

Logan Finance hires new chief of staff; Hometap tops $1 billion in HEI funded products; Primis Bank adopts FICO Score 10 T; LendSure announces new bridge loan product; A&D Mortgage offers leap year promotion.

Samuel Bjelac is returning to Carrington Mortgage Services to help grow non-QM originations in its third-party origination channels.

The HELOC program will use 12 or 24 months of bank statements for income verification.

The share of noncore GSE products, including conforming jumbos, cash-out refinances, mortgages for investment properties and second homes, dropped in 2023. (Includes data table.)

Despite growing delinquencies, Morningstar DBRS has provided a stable outlook for the securitization markets involving non-QM loans and HEI agreements.

Anchor debuts TPO channel; Kiavi issues unrated residential transition loans securitization; Acra Lending launches new broker portal.

A handful of major originators, including Change Lending and Arc Home, didn’t have any expanded-credit mortgages securitized in the fourth quarter of 2023. (Includes three data tables.)

Downpayments has secured funding allowing it to offer downpayment loans for investment properties secured by a second mortgage.